Swiss National Bank raised its holdings in Kraton Corp (NYSE:KRA) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,200 shares of the specialty chemicals company’s stock after acquiring an additional 2,100 shares during the quarter. Swiss National Bank owned 0.17% of Kraton worth $2,563,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the business. Rubric Capital Management LP grew its holdings in Kraton by 509.1% in the 3rd quarter. Rubric Capital Management LP now owns 607,952 shares of the specialty chemicals company’s stock valued at $24,586,000 after buying an additional 508,140 shares during the period. Uniplan Investment Counsel Inc. grew its holdings in shares of Kraton by 45.8% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 237,590 shares of the specialty chemicals company’s stock worth $9,608,000 after purchasing an additional 74,590 shares during the period. Rothschild Asset Management Inc. grew its holdings in shares of Kraton by 7.6% during the 3rd quarter. Rothschild Asset Management Inc. now owns 1,026,940 shares of the specialty chemicals company’s stock worth $41,529,000 after purchasing an additional 72,494 shares during the period. James Investment Research Inc. purchased a new stake in shares of Kraton during the 4th quarter worth about $2,656,000. Finally, JPMorgan Chase & Co. boosted its holdings in Kraton by 7,721.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 55,142 shares of the specialty chemicals company’s stock worth $2,039,000 after acquiring an additional 54,437 shares during the period. 96.04% of the stock is owned by institutional investors.
Shares of Kraton Corp (NYSE:KRA) opened at $46.94 on Friday. The company has a market capitalization of $1,466.79, a price-to-earnings ratio of 16.24 and a beta of 1.26. The company has a current ratio of 2.08, a quick ratio of 0.96 and a debt-to-equity ratio of 2.36. Kraton Corp has a fifty-two week low of $27.27 and a fifty-two week high of $53.39.
Kraton (NYSE:KRA) last posted its quarterly earnings results on Tuesday, February 20th. The specialty chemicals company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. The company had revenue of $465.97 million during the quarter, compared to the consensus estimate of $437.75 million. Kraton had a return on equity of 15.47% and a net margin of 4.98%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. sell-side analysts anticipate that Kraton Corp will post 3.74 EPS for the current year.
In other Kraton news, insider Kevin Michael Fogarty sold 1,042 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $50.00, for a total value of $52,100.00. Following the sale, the insider now owns 197,731 shares of the company’s stock, valued at approximately $9,886,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.71% of the company’s stock.
A number of equities analysts have weighed in on the company. ValuEngine upgraded Kraton from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. UBS reissued a “sell” rating and set a $33.00 price target (up from $30.00) on shares of Kraton in a research report on Wednesday, February 21st. TheStreet raised Kraton from a “c” rating to a “b-” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research downgraded Kraton from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $52.25.
Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.
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